DSP Natural Resources and New Energy Fund Direct Plan Growth is a Equity Mutual Fund Scheme launched by DSP BlackRock Mutual Fund. This scheme was made available to investors on 03 Jan 2013. Rohit Singhania, Jay Kothari is the Current Fund Manager of DSP Natural Resources and New Energy Fund Direct Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹269 Cr and the Latest NAV as of 29 May 2020 is ₹25.98.
The DSP Natural Resources and New Energy Fund Direct Plan Growth is rated High risk. Minimum SIP Investment is set to 500.
Investment Objective
The primary investment objective of the Scheme is to seek to generate capital appreciation and provide long term growth opportunities byinvesting in equity and equity related securities of companies domiciled in India whose predominant economic activity is in the (a) discovery, development, production, or distribution of natural resources, viz., energy, mining etc; (b) alternative energy and energy technology sectors, with emphasis given to renewable energy, automotive and on-site power generation, energy storage and enabling energy technologies.The Scheme will also invest a certain portion of its corpus in the equity and equity related securities of companies domiciled overseas, which areprincipally engaged in the discovery, development, production or distribution of natural resources and alternative energy and/or the units shares of Merrill Lynch International Investment Funds New Energy Fund, Merrill Lynch International Investment Funds World Energy Fund andsimilar other overseas mutual fund schemes. The secondary objective is to generate consistent returns by investing in debt and money marketsecurities.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.